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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues:    
Rental income from operating leases $ 6,924,978  
Resident fees and services 460,017  
Total revenues 7,384,995  
Expenses:    
Acquisition fees and expenses 6,584,774 892,313
General and administrative 2,563,230 869,091
Asset management fees 1,369,298  
Property operating expenses 406,186  
Property management fees 404,458  
Depreciation and amortization 2,100,570  
Total expenses 13,428,516 1,761,404
Operating loss (6,043,521) (1,761,404)
Other income (expense):    
Interest and other income 13,382 1,824
Interest expense and loan cost amortization (5,850,539)  
Equity in earnings of unconsolidated entities 1,142,668  
Total other income (expense) (4,694,489) 1,824
Loss before income taxes (10,738,010) (1,759,580)
Income tax benefit 17,252  
Net loss $ (10,720,758) $ (1,759,580)
Net loss per share of common stock (basic and diluted) $ (1.21) $ (1.62)
Weighted average number of shares of common stock outstanding (basic and diluted) 8,836,901 1,087,468 [1]
[1] For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued through December 31, 2012 are treated as if they were outstanding for the full period presented.